5 ms·

congress is set to burden millenials and gen z with more deficit that will be a drag on the economy, especially as boomers retire in masses and we have to pay t

by ffggvv 5y ago

congress is set to burden millenials and gen z with more deficit that will be a drag on the economy, especially as boomers retire in masses and we have to pay their entitlements... And also crowd out private spending and add additional drags with taxes. :)

boxed 5y ago
Science, tech and infrastructure is what separates us from cave men. You are confused.
- ffggvv 5y ago
  so true, lets just spend 500T on it :) dont want to be cave men here. and lets just define "infrastructure' as anything we want it to be. heck, free chocolate and ponies for everyone is infrastructure. (makes people happy so its human infrastructure) >> The act’s ambitions have since narrowed. Instead of the full $100bn, the nsf’s new tech directorate will get $4bn.
  - DudeInBasement 5y ago
    10% for the big guy, of course
foobarian 5y ago
People have been talking about the boomer boogeyman for at least 20 years now. Isn't that particular bubble supposed to have passed already?
- ffggvv 5y ago
  Not really. its just starting/accelerating. (around 40% right now so alot to go) https://www.pewresearch.org/fact-tank/2020/11/09/the-pace-of-boomer-retirements-has-accelerated-in-the-past-year/#:~:text=In%20September%2C%2040%25%20of%20Boomers,greater%20for%20some%20demographic%20groups https://www.pewresearch.org/fact-tank/2020/11/09/the-pace-of....
- deleted 5y ago
  [deleted]
- singron 5y ago
  The baby boomer generation spans 20 years of birthdays. The youngest boomers will turn 80 in 2044. Just because we know about a problem for decades doesn't mean it goes away automatically.
engineer_22 5y ago
As a group, the boomers are going to take a haircut.
digitaltrees 5y ago
How about focusing in growth and innovation instead of cutting. When the total income in rep entitlements are easier to pay.
- ffggvv 5y ago
  is there any proof that giving money for lesbian water weaving studies actually produces innovation or growth? university isnt what it used to be
  - digitaltrees 5y ago
    Yes. Productivity is measured and clearly increased over the last few generations.

by ffggvv 5y ago

boxed 5y ago

Science, tech and infrastructure is what separates us from cave men. You are confused.

ffggvv 5y ago
so true, lets just spend 500T on it :) dont want to be cave men here. and lets just define "infrastructure' as anything we want it to be. heck, free chocolate and ponies for everyone is infrastructure. (makes people happy so its human infrastructure) >> The act’s ambitions have since narrowed. Instead of the full $100bn, the nsf’s new tech directorate will get $4bn.
- DudeInBasement 5y ago
  10% for the big guy, of course

foobarian 5y ago

People have been talking about the boomer boogeyman for at least 20 years now. Isn't that particular bubble supposed to have passed already?

ffggvv 5y ago
Not really. its just starting/accelerating. (around 40% right now so alot to go) https://www.pewresearch.org/fact-tank/2020/11/09/the-pace-of-boomer-retirements-has-accelerated-in-the-past-year/#:~:text=In%20September%2C%2040%25%20of%20Boomers,greater%20for%20some%20demographic%20groups https://www.pewresearch.org/fact-tank/2020/11/09/the-pace-of....
deleted 5y ago
[deleted]
singron 5y ago
The baby boomer generation spans 20 years of birthdays. The youngest boomers will turn 80 in 2044. Just because we know about a problem for decades doesn't mean it goes away automatically.

engineer_22 5y ago

As a group, the boomers are going to take a haircut.

digitaltrees 5y ago

How about focusing in growth and innovation instead of cutting. When the total income in rep entitlements are easier to pay.

ffggvv 5y ago
is there any proof that giving money for lesbian water weaving studies actually produces innovation or growth? university isnt what it used to be
- digitaltrees 5y ago
  Yes. Productivity is measured and clearly increased over the last few generations.